BlackRock Reports Third Quarter Diluted EPS of $3.65, or $3.47 as adjusted

<p class='bwalignc'> <i><b>Operating Margin of 37.7% (40.7% as adjusted) for Third Quarter 2012</b></i> </p> <p class='bwalignc'> <i><b>$3.673 Trillion in assets under management at September 30, 2012, up 10% from Third Quarter 2011</b></i> </p> <ul> <li class='bwlistitemmargb'> Delivered record quarterly diluted EPS as adjusted of $3.47, up 23% and 12% from third quarter 2011 and second quarter 2012, respectively </li> <li class='bwlistitemmargb'> Grew net income 8% (17% as adjusted) from third quarter 2011 with revenue of $2.3 billion </li> <li class='bwlistitemmargb'> Generated strongest quarter of <i>iShares</i><sup>®</sup> flows since 2009 with $25.2 billion of net inflows, including $20.5 billion of net inflows into equity products </li> <li class='bwlistitemmargb'> Successfully launched the largest closed-end fund (Municipal Target Term Trust) in BlackRock history raising approximately $1.6 billion in assets </li> <li class='bwlistitemmargb'> Continued strong repurchase activity buying 960,100 shares in the quarter with a total of 8.2 million shares year to date </li> </ul> <p class='bwalignc'> </p>

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